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Public Accounts committee  I'm sorry. Can you just refer to the figure?

January 26th, 2021Committee meeting

Nicholas Leswick

Public Accounts committee  What page is that?

January 26th, 2021Committee meeting

Nicholas Leswick

Public Accounts committee  You're referencing nothing in the public accounts; that's different.

January 26th, 2021Committee meeting

Nicholas Leswick

Public Accounts committee  Go to page 16 of the public accounts, volume I. There is a shaded box at the bottom of that page that I think should help address the question.

January 26th, 2021Committee meeting

Nicholas Leswick

Public Accounts committee  It says, “The fuel charge proceeds [returned] $2.7 billion.... [T]he bulk of proceeds were returned through Climate Action Incentive payments. Eligible individuals residing in these provinces were able to claim the payments”. So—

January 26th, 2021Committee meeting

Nicholas Leswick

Public Accounts committee  Yes, there's a very small leakage, but the bulk is through the climate action incentive payments to households.

January 26th, 2021Committee meeting

Nicholas Leswick

Public Accounts committee  Thank you for the question. I can take the lead, and then Mr. Sabia can jump in if he wants to add. The year-over-year change was roughly $25 billion. You're right: On the expense side, COVID-related expenses were in the range of $7 billion, directly related to the emergency re

January 26th, 2021Committee meeting

Nicholas Leswick

Public Accounts committee  We had slightly higher than expected expenses, and one was related to major transfer programs. We were talking about the Hibernia agreement, which was not forecasted at the time of the 2019 budget. Other expenses relate to a whole potpourri of things: litigation, higher pension s

January 26th, 2021Committee meeting

Nicholas Leswick

Public Accounts committee  Thank you, Deputy. Unless Darlene or Roch has an answer, I think that's one we can take away.

January 26th, 2021Committee meeting

Nicholas Leswick

Public Accounts committee  Thank you for the question and for asking for added clarity. It does go back to Canadians through the climate action incentive payment, which is administered through the personal income tax system. It doesn't go back to the government of jurisdiction; it goes back directly to ho

January 26th, 2021Committee meeting

Nicholas Leswick

Public Accounts committee  No. The fuel charge is levied upstream, so the GST or HST is not applied against the fuel charge downstream at the consumer or household level.

January 26th, 2021Committee meeting

Nicholas Leswick

Public Accounts committee  GST is not charged on the carbon tax.

January 26th, 2021Committee meeting

Nicholas Leswick

Public Accounts committee  I appreciate the question. I think I would take it away just to make sure I'm understanding your question clearly and then clearly how the fuel charge is administered at the producer level, which is where the origin of the revenue is. I just want to make sure I completely put t

January 26th, 2021Committee meeting

Nicholas Leswick

Public Accounts committee  Thank you for the question. You're right; there is a slight discrepancy. It's under $20 million on a $2.6-billion program. It's just a matter of revenue and expense recognition over the accounting period. Rest assured that every dollar that is collected through the fuel charge wi

January 26th, 2021Committee meeting

Nicholas Leswick

Finance committee  I'll try my best, but I don't know what value my response could add. There are various tranches of liquidity support that the government has put in play in the eight months over the course of this pandemic. One is liquidity support in the form of tax deferrals, such as corporat

December 8th, 2020Committee meeting

Nicholas Leswick